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Livermore
Livermore
ZHEN

Merit Financial Group, LLC

SEC CIK
0001621225
Latest filing
Jul 20, 2026

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Nov 7, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
737
−2 vs. Q2 2023
Portfolio value
$3.05B
−$33.9M (−1.1%) vs. Q2 2023
Filed
Nov 7, 2023
SEC
Holdings of Merit Financial Group, LLC in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard S&P 500 ETF922908363ETF622,962$244.6M8.0%+3,648+0.6%Added–
Schwab US Dividend Equity ETF808524797ETF3,134,269$221.8M7.3%+112,286+3.7%Added–
Vanguard Morningstar Growth ETF922908736ETF682,363$185.8M6.1%+12,224+1.8%Added–
UPSUnited Parcel Service IncStock890,906$138.9M4.6%+17,436+2.0%AddedHistory
Vanguard Scottsdale FDS92206C102SHORT TERM TREAS1,912,051$110.1M3.6%+220,151+13.0%Added–
iShares Core MSCI Eafe ETF46432F842ETF1,358,896$87.4M2.9%+77,634+6.1%Added–
AAPLApple Inc.Stock462,677$79.2M2.6%+29,303+6.8%AddedHistory
iShares Core S&P 500 ETF464287200ETF165,525$71.1M2.3%+24,200+17.1%Added–
Vanguard Intermediate-Term Bond ETF921937819ETF976,715$70.6M2.3%+110,945+12.8%Added–
State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853ETF1,826,411$67.4M2.2%+8,099+0.4%Added–
Vanguard Morningstar Total Stock Market ETF922908769ETF272,758$57.9M1.9%+16,929+6.6%Added–
MSFTMicrosoft CorpStock156,522$49.4M1.6%+4,696+3.1%AddedHistory
SPYSPDR S&P 500 ETF TrustETF87,708$37.5M1.2%−16,383−15.7%ReducedHistory
State Street SPDR Portfolio S&P 500 ETF78464A854ETF635,495$31.9M1.0%+16,510+2.7%Added–
Vanguard World FD921910840MEGA CAP VAL ETF246,399$25.0M0.8%+30,361+14.1%Added–
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF415,874$24.7M0.8%+15,537+3.9%Added–
Vanguard Morningstar Value ETF922908744ETF172,482$23.8M0.8%+20,982+13.8%Added–
AMZNAmazon Com IncStock186,072$23.7M0.8%−3,670−1.9%ReducedHistory
BRK.BBerkshire Hathaway IncStock65,812$23.1M0.8%−677−1.0%ReducedHistory
Invesco QQQ Trust Series I46090E103ETF62,627$22.4M0.7%+3,428+5.8%Added–
Vanguard World FD921910816MEGA GRWTH IND96,264$21.8M0.7%+10,107+11.7%Added–
Vanguard Ftse Developed Markets ETF921943858ETF494,874$21.6M0.7%+74,893+17.8%Added–
iShares MSCI USA Quality Factor ETF46432F339ETF158,573$20.9M0.7%−25,870−14.0%Reduced–
iShares Core MSCI Emerging Markets ETF46434G103ETF420,888$20.0M0.7%−16,961−3.9%Reduced–
Invesco Exch TRD SLF Idx FD46138J742RAFI STRATGIC US476,811$19.0M0.6%+9,337+2.0%Added–
iShares Tr46434V613CORE UNIVRSL USD427,806$18.7M0.6%+24,912+6.2%Added–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF414,521$17.1M0.6%+17,079+4.3%Added–
iShares Tr464288877EAFE VALUE ETF323,844$15.8M0.5%+99,472+44.3%Added–
SPDR Series Trust78464A672ST INTER ETF574,915$15.8M0.5%+56,350+10.9%Added–
Ssga Active ETF Tr78467V608ST STR BL LN ETF375,399$15.7M0.5%−712−0.2%Reduced–
TSLATesla, Inc.Stock62,904$15.7M0.5%+6,928+12.4%AddedHistory
GOOGLAlphabet Inc.Stock115,100$15.1M0.5%+7,926+7.4%AddedHistory
Vanguard S&P 500 Value ETF921932703ETF96,080$14.3M0.5%−1,919−2.0%Reduced–
XOMExxonMobil Holdings CorpCOM119,015$14.0M0.5%+8,369+7.6%AddedHistory
JNJJohnson & JohnsonStock85,308$13.3M0.4%−8,155−8.7%ReducedHistory
iShares Tr464288885EAFE GRWTH ETF150,730$13.0M0.4%−21,275−12.4%Reduced–
Vanguard S&P 500 Growth ETF921932505ETF52,419$12.9M0.4%−400−0.8%Reduced–
John Hancock Exchange Traded47804J859MULTI INTL ETF411,768$12.3M0.4%+25,772+6.7%Added–
Dimensional U.S. Core Equity 2 ETF25434V708ETF448,365$11.7M0.4%−10,470−2.3%Reduced–
NVDANVIDIA CorpStock26,630$11.6M0.4%+1,636+6.5%AddedHistory
PGProcter & Gamble CoStock77,002$11.2M0.4%−1,164−1.5%ReducedHistory
SPDR Series Trust78468R408ST TERM HIGH ETF436,869$10.7M0.4%−82,431−15.9%Reduced–
iShares MSCI USA Min Vol Factor ETF46429B697ETF144,191$10.4M0.3%−26,613−15.6%Reduced–
BTTBlackRock Municipal 2030 Target Term TrustCOM SHS BEN IN531,955$10.3M0.3%+202,632+61.5%AddedHistory
Vanguard Index FDS922908652EXTEND MKT ETF70,985$10.2M0.3%+13,726+24.0%Added–
iShares Tr46435G425ESG AWR MSCI USA107,280$10.1M0.3%−35,210−24.7%Reduced–
METAMeta Platforms, Inc.Stock33,440$10.0M0.3%−7,596−18.5%ReducedHistory
CVXChevron CorpStock59,100$9.97M0.3%+470+0.8%AddedHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF299,471$9.93M0.3%−20,440−6.4%Reduced–
iShares Tr46434V4070-5YR HI YL CP241,297$9.90M0.3%−50,918−17.4%Reduced–
GOOGAlphabet Inc.Stock72,645$9.58M0.3%+3,193+4.6%AddedHistory
Janus Detroit STR Tr47103U852HENDERSON MTG216,352$9.39M0.3%+20,837+10.7%Added–
Invesco Exch TRD SLF Idx FD46138J619RUSL 1000 DYNM203,813$9.34M0.3%−1,760−0.9%Reduced–
WisdomTree Tr97717Y527FLOATNG RAT TREA177,803$8.95M0.3%−10,363−5.5%Reduced–
COSTCostco Wholesale CorpStock15,801$8.93M0.3%+4,260+36.9%AddedHistory
Janus Detroit STR Tr47103U845HENDRSON AAA CL175,895$8.85M0.3%+175,895New–
ARCCAres Capital CorpCEF454,278$8.84M0.3%−943−0.2%ReducedHistory
JPMJPMorgan Chase & CoStock60,305$8.75M0.3%+5,114+9.3%AddedHistory
Vanguard Scottsdale FDS92206C706INTER TERM TREAS151,902$8.68M0.3%+23,939+18.7%Added–
HDHome Depot, Inc.Stock26,765$8.09M0.3%−478−1.8%ReducedHistory
State Street Health Care Select Sector SPDR ETF81369Y209ETF62,793$8.08M0.3%−8,749−12.2%Reduced–
State Street Technology Select Sector SPDR ETF81369Y803ETF48,800$8.00M0.3%+2,969+6.5%Added–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF254,924$7.91M0.3%+3,657+1.5%Added–
iShares Tr46434VBG4IBONDS DEC24 ETF318,478$7.88M0.3%−18,038−5.4%Reduced–
Vanguard Intermediate-Term Corporate Bond ETF92206C870ETF102,602$7.80M0.3%+22,009+27.3%Added–
PEPPepsiCo IncStock45,802$7.76M0.3%−37−0.1%ReducedHistory
VVisa Inc.Stock32,680$7.52M0.2%+3,032+10.2%AddedHistory
Invesco Exch Traded FD Tr II46138G508SR LN ETF349,051$7.33M0.2%+24,059+7.4%Added–
iShares S&P 500 Growth ETF464287309ETF100,754$6.89M0.2%+53,551+113.4%Added–
WisdomTree Tr97717X669US QTLY DIV GRT107,774$6.84M0.2%+5,249+5.1%Added–
GLDSPDR Gold TrustETF38,973$6.68M0.2%−5,717−12.8%ReducedHistory
iShares Tr464288588MBS ETF71,678$6.37M0.2%−8,146−10.2%Reduced–
Vanguard Mortgage-Backed Securities ETF92206C771ETF145,327$6.36M0.2%+27,924+23.8%Added–
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375ETF200,611$6.31M0.2%+19,346+10.7%Added–
Invesco Exchange Traded FD T46137V811DORSEY WRGT TECH142,654$6.30M0.2%+3,880+2.8%AddedConverted for a 3-for-1 split–
MCDMcDonalds CorpStock23,889$6.29M0.2%+363+1.5%AddedHistory
SPDR Index Shs FDS78463X848ST STR ACWI ETF252,469$6.28M0.2%−2,975−1.2%Reduced–
State Street Industrial Select Sector SPDR ETF81369Y704ETF61,916$6.28M0.2%−10,105−14.0%Reduced–
Vanguard Total Bond Market ETF921937835ETF88,650$6.19M0.2%+42,087+90.4%Added–
ABBVAbbVie Inc.Stock40,581$6.05M0.2%+2,151+5.6%AddedHistory
iShares Tr464287721U.S. TECH ETF57,350$6.02M0.2%−37,470−39.5%Reduced–
Vanguard Morningstar Mid-Cap Value ETF922908512ETF45,635$5.98M0.2%+5,639+14.1%Added–
Vanguard Morningstar Small-Cap Value ETF922908611ETF37,170$5.93M0.2%+4,433+13.5%Added–
PMPhilip Morris International Inc.Stock62,539$5.79M0.2%+5,091+8.9%AddedHistory
State Street SPDR S&P 600 Small Cap Value ETF78464A300ETF78,213$5.66M0.2%+2,428+3.2%Added–
iShares Broad Usd Investment Grade Corporate Bond ETF464288620ETF116,525$5.60M0.2%+3,083+2.7%Added–
Vanguard Morningstar Mid-Cap Growth ETF922908538ETF28,579$5.57M0.2%+3,479+13.9%Added–
HONHoneywell International IncCOM29,733$5.49M0.2%+1,406+5.0%AddedHistory
State Street Energy Select Sector SPDR ETF81369Y506ETF60,104$5.43M0.2%+24,314+67.9%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF159,162$5.34M0.2%+380+0.2%Added–
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF121,079$5.30M0.2%+74,944+162.4%Added–
SPGIS&P Global Inc.Stock14,499$5.30M0.2%+524+3.7%AddedHistory
BLKBlackRock, Inc.COM8,116$5.25M0.2%+298+3.8%AddedHistory
MAMastercard IncStock13,216$5.23M0.2%+154+1.2%AddedHistory
UNHUnitedHealth Group IncStock10,318$5.20M0.2%+2,065+25.0%AddedHistory
LLYEli Lilly & CoStock9,558$5.13M0.2%+234+2.5%AddedHistory
iShares Core S&P Small Cap ETF464287804ETF54,038$5.10M0.2%−1,481−2.7%Reduced–
MRKMerck & Co., Inc.Stock48,995$5.04M0.2%+199+0.4%AddedHistory
VEEVVeeva Systems IncStock23,965$4.88M0.2%−124−0.5%ReducedHistory
Capital Group Dividend Value14020W106SHS CREAT UNIT179,000$4.74M0.2%+12,185+7.3%Added–

Options (2)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Merit Financial Group, LLC in Q3 2023
SecurityClassPutsCalls
DVNDevon Energy CorpStock–$3.50M
SPYSPDR S&P 500 ETF TrustETF$3.18M–

Sold out since Q2 2023 (52)

Positions held at the end of Q2 2023 that are gone from this filing.

Positions of Merit Financial Group, LLC sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
First Trust Dow Jones Internet Index Fund33733E302ETF11,442$1.86M0.1%–
First Tr Exchange-Traded FD33738R852NASDQ FOD BVRG64,361$1.69M0.1%–
BTUPeabody Energy CorpCOM50,079$1.08M<0.1%History
FRTFederal Realty Investment TrustSH BEN INT NEW9,463$915.8K<0.1%History
Schwab U.S. Large-Cap Value ETF808524409ETF12,584$844.2K<0.1%–
Schwab U.S. Large-Cap ETF808524201ETF13,193$690.9K<0.1%–
iShares Tr46435G474FALN ANGLS USD18,838$477.9K<0.1%–
LPLALPL Financial Holdings Inc.COM1,900$413.2K<0.1%History
COHUCohu IncCOM9,600$399.0K<0.1%History
iShares Tr4642874407-10 YR TRSY BD3,802$367.3K<0.1%–
CNPCenterpoint Energy IncCOM12,598$367.2K<0.1%History
iShares Tr464288687PFD AND INCM SEC11,280$348.9K<0.1%–
Janus Detroit STR Tr47103U209HENDERSN SML ETF5,535$344.0K<0.1%–
KNTKKinetik Holdings Inc.COM NEW CL A9,576$336.5K<0.1%History
EXRExtra Space Storage Inc.COM2,212$329.3K<0.1%History
Goldman Sachs ETF Tr381430107ACTIVEBETA INT9,826$308.1K<0.1%–
First Tr Exchange-Traded FD33738D309SENIOR LN FD6,669$302.1K<0.1%–
HUBSHubSpot IncCOM554$294.8K<0.1%History
Highland FDS I430101774HI LD IBOXX SRLN19,919$292.0K<0.1%–
VTRVentas, Inc.REIT5,960$281.7K<0.1%History
UALUnited Airlines Holdings, Inc.COM4,982$273.4K<0.1%History
RCLRoyal Caribbean Cruises LtdCOM2,528$262.3K<0.1%History
NNNNNN REIT, Inc.REIT5,854$250.5K<0.1%History
VanEck ETF Trust92189F106GOLD MINERS ETF8,271$249.0K<0.1%–
First Tr Exchange Trad FD VI33739H101FST TR GLB FD10,828$246.5K<0.1%–
SWKSSkyworks Solutions, Inc.Stock2,225$246.3K<0.1%History
IPGInterpublic Group of Companies, Inc.COM6,383$246.3K<0.1%History
XIFRXPLR Infrastructure, LPCOM UNIT PART IN4,184$245.4K<0.1%History
XYZBlock, Inc.CL A3,680$245.0K<0.1%History
First Tr Exchange Traded FD33738R605DORSEY WRT 5 ETF5,161$242.1K<0.1%–
SPOTSpotify Technology S.A.Stock1,501$241.0K<0.1%History
First Trust Nasdaq Clean Edge Green Energy Index Fund33733E500ETF4,673$239.1K<0.1%–
RNPCohen & Steers REIT & Preferred & Income Fund IncCOM12,524$237.8K<0.1%History
AGNCAGNC Investment Corp.REIT22,959$232.6K<0.1%History
AWKAmerican Water Works Company, Inc.Stock1,627$232.2K<0.1%History
State Street SPDR S&P Aerospace & Defense ETF78464A631ETF1,908$231.9K<0.1%–
MTBM&T Bank CorpCOM1,796$222.3K<0.1%History
Invesco S&P 500 Equal Weight Technology ETF46137V282ETF753$221.4K<0.1%–
HSYHershey CoCOM867$216.5K<0.1%History
SPDR Series Trust78468R531SPDR S&P 500 ESG4,889$210.5K<0.1%–
CHDChurch & Dwight Co IncCOM2,071$207.6K<0.1%History
SJMJ M SMUCKER CoStock1,392$205.5K<0.1%History
SHELShell plcADR3,355$202.6K<0.1%History
BTIBritish American Tobacco p.l.c.SPONSORED ADR6,101$202.6K<0.1%History
iShares Tr46434V464LOW CA OP MS ETF1,280$200.2K<0.1%–
AMCRAmcor plcORD19,808$197.7K<0.1%History
MESOMesoblast LtdSPONS ADR13,406$52.4K<0.1%History
WTTWireless Telecom Group IncCOM12,900$27.1K<0.1%History
SNAXStryve Foods, Inc.common23,000$14.1K<0.1%History
WATTEnergous CorpCOM35,025$8.41K<0.1%History
IMDXInsight Molecular Diagnostics Inc.COM32,000$7.36K<0.1%History
BNGOBionano Genomics, Inc.COM11,000$6.71K<0.1%History